Zielprämie

Zielprämie is a German term that translates to "target bonus" or "goal bonus." It is a form of variable compensation, often used in employment contracts, where an employee receives an additional payment if they achieve specific, predetermined objectives. These objectives can be individual, team-based, or company-wide, and are typically defined in terms of performance metrics, such as sales figures, project completion deadlines, quality standards, or profitability targets.

The purpose of a Zielprämie is to incentivize employees to perform at a higher level and to align their efforts with the strategic goals of the organization. By linking a portion of compensation to the achievement of specific targets, employers can motivate employees to focus on key areas and drive desired outcomes. The specific targets and the bonus amount are usually communicated to the employee at the beginning of a performance period, often annually or quarterly.

The structure of a Zielprämie can vary. It might involve a fixed bonus amount if the target is met, or it could be a tiered system where higher performance levels result in larger bonuses. In some cases, the bonus might be pro-rated if targets are only partially achieved. The implementation and management of Zielprämien require clear communication, accurate measurement of performance, and fair assessment processes to ensure that the system is perceived as equitable and motivating by employees. It is a common practice in many industries, particularly in sales and management roles.